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Markets

Equities, rates, commodities and the money moving behind the headlines.

Markets

September Inflation Jumps to 3.7%, Repricing the Federal Reserve’s Next Move

Consumer prices rose 0.6% in September as energy costs surged, sending stocks lower and increasing market expectations for another interest-rate increase.

By Marcus Elrod · Oct 18, 2026 · 5 min read

Markets
U.S.-Listed Brazilian Shares Surge After Flavio Bolsonaro Leads the First Round of Brazil's Election
The iShares MSCI Brazil ETF closed up 13.33% and Nu Holdings rose 13.03% after a first-round result that polls had not predicted. A runoff is set for October 25.
By Marcus Elrod · Oct 6, 2026 · 2 min read
Markets
S&P 500 and Nasdaq Close at Records While 10- and 30-Year Yields Reach Levels Last Seen in 2002
Equities and the long end of the Treasury curve moved in opposite directions on Monday, with the Nasdaq up 1.05% to 27,477 and the 30-year yield settling near 5.70%.
By Marcus Elrod · Oct 6, 2026 · 2 min read
Markets
Futures Edge Higher as Long Treasury Yields Hold Near 24-Year Highs Before the Trade Report
Oil fell for a third session and gold advanced, while the 30-year yield held above 5.6%. The August trade balance is due at 8:30 a.m. and Fed minutes arrive Wednesday.
By Marcus Elrod · Oct 6, 2026 · 2 min read
Markets
Moderna, Illumina and Neogen Slide Together as the Pandemic-Preparedness Trade Comes Off
Three high-momentum health care names fell between 6.9% and 8.1% on Tuesday, following a World Health Organization assessment that played down plague risk in Russia.
By Marcus Elrod · Oct 6, 2026 · 2 min read
Markets
New York Fed Has Reviewed Private-Credit Exposure at Four Large Banks Since Spring, Semafor Reports
Site visits at JPMorgan, Wells Fargo, Barclays and Morgan Stanley examined collateral quality and risk management. All four banks and the Fed declined to comment.
By Marcus Elrod · Oct 6, 2026 · 2 min read
Markets
S&P 500 Closes at Another Record as Long Yields Back Off Their Multi-Decade Highs
The index finished Tuesday at 7,818.93 while the 10-year Treasury yield eased to 5.275%. A $58 billion three-year note auction drew in-line demand, and small caps went the other way.
By Marcus Elrod · Oct 6, 2026 · 2 min read
Markets
U.S. Services Growth Slows as ISM Reports Higher Input Prices and Longer Delivery Times
September’s services PMI fell to 54.9, while the prices index rose to 74.0 and the employment measure returned just above the expansion threshold.
By Marcus Elrod · Oct 5, 2026 · 3 min read
Markets
Week in Review: A 29,000-Job September Resets the Fed Debate as the Dow Gives Back 1.3%
Long yields touched a 24-year high before retreating, oil round-tripped above $100, and Friday's weak payrolls report pushed October rate-hike odds down sharply. The Nasdaq finished the week higher; the Dow and S&P 500 did not.
By Marcus Elrod · Oct 5, 2026 · 4 min read
Markets
Week Ahead: September Fed Minutes, the Warner Bros. Discovery Closing and the First Third-Quarter Earnings
A thin economic calendar leaves the Federal Reserve's Sept. 15-16 minutes as the week's macro centerpiece, while a $44 billion media closing, an S&P 500 reshuffle and the opening earnings reports crowd the corporate diary.
By Marcus Elrod · Oct 5, 2026 · 4 min read
Markets
Vaxcyte Surges Pre-Market After Its 31-Valent Pneumococcal Vaccine Meets Every Phase 3 Endpoint
VAX-31 matched or beat Prevnar 20 and Capvaxive across shared serotypes in the 4,047-person OPUS-1 trial, but a licensing application is not planned until the first half of 2028.
By Marcus Elrod · Oct 5, 2026 · 2 min read
Markets
Futures Point Higher Before the Open as Traders Pare Bets on Another Fed Increase
S&P 500 futures were modestly higher early Monday after Friday's 0.7% advance, with CME data showing a 77.9% chance the Fed holds at 3.75% to 4%.
By Marcus Elrod · Oct 5, 2026 · 2 min read
Markets
Ten-Year Yield Reaches 5.297%, a 24-Year High, as October Trading Opens
Long rates kept climbing even after a cooler inflation print, leaving the first session of the fourth quarter to open against the highest 10-year yield since 2002.
By Marcus Elrod · Oct 3, 2026 · 2 min read
Markets
Futures Rise and Long Yields Back Off Multi-Decade Highs as Traders Wait on the September Jobs Report
Stock-index futures pointed higher and the 10-year Treasury yield eased toward 5.24% before the Labor Department's 8:30 a.m. payrolls print, with market pricing still leaning toward another Federal Reserve increase rather than a cut.
By Marcus Elrod · Oct 3, 2026 · 2 min read
Markets
French Borrowing Costs Reach a 2002 High and the Euro Slides as the 2027 Budget Lands
The French-German 10-year spread widened to about 141 basis points, the most since the euro-zone debt crisis, and European bank shares fell sharply before a partial Friday rebound.
By Marcus Elrod · Oct 3, 2026 · 2 min read
Markets
Payrolls Rise Just 29,000 in September and Stocks Close Higher as October Rate-Hike Odds Fade
The Labor Department also revised July into negative territory, and traders trimmed the odds of a Federal Reserve increase this month to roughly 18%.
By Marcus Elrod · Oct 3, 2026 · 2 min read
Markets
Nvidia Sets an Intraday Record and a $5.7 Trillion Market Value as the Nasdaq Leads Friday's Advance
The Nasdaq Composite rose 1.12% on the session, but one widely cited breadth measure put three-quarters of S&P 500 members below their 50-day averages.
By Marcus Elrod · Oct 3, 2026 · 2 min read
Markets
Stocks Edge Higher to Start October as the 10-Year Yield Retreats From a 24-Year High
The major indexes finished narrowly in the green after the 10-year Treasury yield pushed above 5.33% intraday, its highest since 2002, then fell back toward 5.25% by the close.
By Marcus Elrod · Oct 2, 2026 · 2 min read
Markets
Stocks Close Slightly Lower as Consumer Confidence Falls to 81.9, a More Than 12-Year Low
The Conference Board's index dropped 6.7 points in September and August job openings came in below forecasts, leaving the major U.S. equity benchmarks modestly in the red.
By Marcus Elrod · Oct 1, 2026 · 5 min read
Markets
Futures Steady and Long Yields Sit Near Multi-Decade Highs as Traders Wait on Core PCE
Stock index futures were little changed before the open Wednesday, with the 30-year Treasury yield above 5.6% and futures markets split on whether the Federal Reserve raises rates again in October.
By Marcus Elrod · Oct 1, 2026 · 5 min read
Markets
Mortgage Rates Reach 7.30% in a Sixth Straight Weekly Rise as Applications Fall 6%
The Mortgage Bankers Association's weekly survey put the average 30-year fixed rate at its highest level since November 2023, with refinance volume down 9% and purchase volume down 4%.
By Marcus Elrod · Oct 1, 2026 · 5 min read
Markets
Stocks Finish Mixed as Core PCE Cools to 3.0% and the 10-Year Yield Reaches Its Highest Since 2007
The Nasdaq Composite closed higher and the Dow fell 443.87 points as a softer inflation print failed to stop long Treasury yields from climbing to levels last seen nearly two decades ago.
By Marcus Elrod · Oct 1, 2026 · 5 min read
Markets
Cerebras Closes Below Its IPO Price as a Share Lock-Up Expires and Two Officers File Notices to Sell
The AI chipmaker's stock fell 8.87% on the day its post-IPO lock-up lifted, closing beneath the $185 price at which it went public in May.
By Marcus Elrod · Oct 1, 2026 · 5 min read
Markets
Kodiak Sciences Nearly Triples After Both Retinal Drugs Meet Primary Endpoints in the Pivotal DAYBREAK Trial
Zenkuda and tabirafusp-ted both cleared vision endpoints against aflibercept, and Kodiak says a multi-indication FDA filing is planned for the fourth quarter.
By Marcus Elrod · Sep 29, 2026 · 5 min read
Markets
Jefferies Posts Record Advisory and Equities Revenue as Third-Quarter Net Revenues Reach $2.22 Billion
Investment banking revenue rose 17% to $1.33 billion, equities produced a record $626.2 million, and SMBC lifted its stake to roughly 20% to become Jefferies' largest shareholder.
By Marcus Elrod · Sep 29, 2026 · 5 min read
Markets
Ten-Year Yield Presses Toward 5.25% as Futures Split and Gold Steadies After a Seven-Week Low
Treasury yields at levels reached only once since 2002 set the tone for Tuesday, with Nasdaq futures edging higher while the Dow lags and Brent holds above $107.
By Marcus Elrod · Sep 29, 2026 · 5 min read
Markets
Week Ahead: August Inflation Data, the September Jobs Report and Micron Bracket a Quarter-End Week
Personal income and PCE figures land Wednesday alongside the final second-quarter GDP reading, and the September employment report follows Friday — the first full data week since the Federal Reserve raised interest rates on Sept. 16.
By Marcus Elrod · Sep 28, 2026 · 4 min read
Markets
Nvidia Adds $150 Billion to Its Buyback Authorization, Lifting Remaining Capacity to $235 Billion
The chipmaker says the increase is the largest of its kind and that it expects to repurchase shares under the full authorization through fiscal 2028.
By Marcus Elrod · Sep 28, 2026 · 5 min read
Markets
Oil Spike Sends Stock Futures Lower as Gold Tumbles and the 10-Year Yield Nears 5.21%
Brent pushed above $107 a barrel after President Trump rejected Iran's conditional offer to reopen the Strait of Hormuz, pulling equity futures down and lifting the VIX close to 10%.
By Marcus Elrod · Sep 28, 2026 · 5 min read
Markets
Stocks Close Out a Winning Week as the Dow Snaps a Three-Week Losing Streak
All three major indexes finished Friday higher and booked weekly gains, even with the 10-year Treasury yield at 5.18% and consumer sentiment at a four-month low.
By Marcus Elrod · Sep 26, 2026 · 6 min read
Markets
Jobless Claims Fall to 197,000, Near a 57-Year Low, as Treasury Yields Hold at Multi-Decade Highs
The labor market showed no sign of cracking just as the bond market pushed borrowing costs to levels last seen in 2007, narrowing the case for near-term rate cuts.
By Marcus Elrod · Sep 25, 2026 · 7 min read
Markets
Stocks End Little Changed as Long-Dated Treasury Yields Reach a 22-Year High
The S&P 500 finished all but flat and the Nasdaq edged higher, while the 30-year Treasury yield climbed to its highest level since 2004.
By Marcus Elrod · Sep 25, 2026 · 2 min read
Markets
Refining Stocks Stand Out in 2026 as Fuel Supply, Not Crude, Drives Margins
Valero, Marathon Petroleum and Phillips 66 have outpaced the integrated majors this year, with distillate inventories running roughly 12% below their five-year average.
By Marcus Elrod · Sep 25, 2026 · 2 min read
Markets
Crude Falls After Iran Floats a Seven-Day Timetable for Reopening the Strait of Hormuz
Brent slipped to $98.98 and WTI to $93.02 after Iran's foreign minister described conditions under which the strait would reopen. Washington played down the meeting.
By Marcus Elrod · Sep 25, 2026 · 7 min read
Markets
Gold Reaches a Cycle High Near $4,340 as the 10-Year Treasury Yield Closes at 5.18%
Treasury's own curve data show the 10-year up seven basis points on Thursday and the 30-year at 5.47%, while bullion added about 1% overnight and equity futures pointed higher.
By Marcus Elrod · Sep 25, 2026 · 9 min read
Markets
Stocks Slide as Treasury Yields Reach 19-Year Highs After U.S. Business Activity Survey Hits Five-Year High
The S&P 500 fell 0.75% and the 10-year Treasury yield climbed to roughly 5.11% after S&P Global's flash composite PMI jumped to 58.4 and showed input costs rising at their steepest pace in four years — one week after the Federal Reserve raised rates.
By Marcus Elrod · Sep 24, 2026 · 5 min read
Homebuilders
KB Home Tops Profit Estimates as Revenue Falls 20% and Executives Describe a 'Weakening' Housing Market
Third-quarter deliveries fell 19% and net orders 12% at the Los Angeles builder, which reported after Tuesday's close — a week after the Federal Reserve raised interest rates and a day after Berkshire Hathaway disclosed further buying in rival Lennar.
By Marcus Elrod · Sep 22, 2026 · 7 min read
Markets
Corning files a $2B at the market equity program — three days after a landmark Verizon fiber deal
By Marcus Elrod · Sep 14, 2026 · 5 min read
Markets
QuickBooks, Xero, and Fiscov: Choosing the Right Financial Software for a Business
By Marcus Elrod · Aug 10, 2026 · 10 min read
Markets
From AGI Vision to Liquidation Crunch: The Meteoric Rise and Unraveling of Leopold Aschenbrenner’s Situational Awareness LP
By Marcus Elrod · Aug 7, 2026 · 10 min read

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